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24/7 Wall St.: States with the Widest Gap Between the Rich and Poor

2. Connecticut

Gini coefficient: 0.4859
Median household income: $65,753 (4th highest)
Households earning $200,000+: 11.2% (the highest)
Population living below poverty line: 10.9% (5th lowest)

At 11.2%, Connecticut has the highest percentage of household making $200,000 or more. On the other side of the income gap, the percentage of the population living below the poverty line rose from 10.1% in 2010 to 10.9% in 2011. Many residents also lost their jobs. The state’s unemployment rate in Sept. 2012 was 8.9%, up from 8.6% the year before. During that time, the national unemployment rate fell from 9% to 7.8%. In Connecticut’s Fairfield County, the Gini coefficient was 0.535 — higher than any state. The county is home to several hedge funds and country clubs, but also to government housing and food pantries.


More From 24/7 Wall St.:
States with the Highest (and Lowest) Taxes
10 Cities with the Hottest Housing Markets
10 Brands Losing the Most Value

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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